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Fly News Breaks for July 19, 2017
FSLR
Jul 19, 2017 | 08:01 EDT
Axiom analyst Gordon L. Johnson II upgraded First Solar to Buy from Hold, stating that his checks suggest the company has delayed its transition to Series 6 technology as it runs its Series 4 production lines longer to accommodate increased demand. In fact, contacts indicate First Solar is sold out through the third quarter of 2018, Johnson added. The analyst, who raised his 2017 and 2018 shipments forecast, raised his price target on First Solar to $51 from $43.
News For FSLR From the Last 2 Days
FSLR
Apr 17, 2024 | 15:16 EDT
After Reuters reported that a request to remove the bifacial panel exemption in the Section 201 tariff is expected to be granted by the Biden Administration, RBC Capital said that, if granted, the removal of the bifacial panel exemption would be a positive development for First Solar and solar OEMs with domestic manufacturing. The firm, which believes the removal of the exemption would be supportive of demand for domestic manufactured products and supportive of pricing, has an Outperform rating and $195 price target on First Solar shares.